FX.co ★ remington.kihn | USD/JPY

Today the Bank of Japan carried out an intervention, against which the USD/JPY pair dropped 200 points intraday from yesterday’s high of 162.85. Now we’re waiting for the start of the US session and the release of US labor market data. On the back of these numbers, I expect a new round of volatility. If the decline continues, the nearest target is at the round level of 160.00. If growth resumes, I expect new highs further in the direction of the 163 and 164 figures. Personally, I’m not trading this pair right now, since volatility on it can be very high, which threatens excessive risk and losses. But the priority is still on selling.